Cryptocurrency analyst Ali (@ali_chartz) has shared a four-hour chart of the XRP/USDT perpetual contract on Binance, outlining the key support and resistance levels that have defined the asset’s short-term price action.
Key Levels on the Chart
Ali’s chart identifies a range spanning from a lower support zone near $2.76 to an upper resistance area around $3.65 to $3.70. These levels are marked with arrows, highlighting previous reaction points where XRP has reversed direction. A central pivot is drawn around $3.10 to $3.15, where the price has repeatedly consolidated or reversed. Additional guide levels appear around $2.98 below and $3.35 above.
Implications of the Levels
By presenting the chart in this format, Ali provides a clear framework for how XRP’s next moves may develop. A confirmed break above the mid-range pivot would shift focus to the $3.35 level, and if momentum continues, toward the upper boundary around $3.65 to $3.70. On the other hand, if XRP fails to hold above the mid-range and slips back under $2.98, attention would likely turn back to the $2.76 support.
Conclusion
Thus, the support and resistance levels of XRP can provide traders with necessary reference points to make informed decisions in the short term.
In summary, the structured approach laid out by Ali in the chart aids traders in navigating the current market trends for XRP.
